Multifamily (5+ units) Sold

3789 Davis Road, Palm Springs, FL 33461

$1,100,000
0.55
Property Description

Rare FIND! Fully Occupied, Cash flowing Solid Concrete Block 5 unit Multi Family compound situated on over half an acre of prime land in Fabulous Palm Springs. Tenants are currently paying below market rents but are all month to month and most of them will agree to rent increases or can vacate. Some units are renovated and some have deferred maintenance from having very long term tenants. Central HVAC units and washer dryers are present as well as a personal dumpster for trash pickup. Recently painted with a fresh coat of paint and landscape, this property is ready for new management and has tremendous upside value potential. Tenants pay their own utilities.

Basic Details
Listing Type : Sold
Price : $1,100,000
Features
: Central
Central
Ceramic Tile
No
Comp Shingle
Location
US
FL
Palm Beach
Palm Springs
33461
At Exit 66, head on the ramp right and follow signs for FL-882, Bear right onto FL-882 / Forest Hill Blvd, Turn left onto FL-807 / S Congress Ave, Turn right onto 10th Ave N,
3789 Davis Road, Palm Springs, Palm Beach County, Florida 33461, USA
Extended Details
Virtual Tour URL
LAKEWOOD GARDENS 1
01.31.2024
Cash,Conventional
Public Water
01.31.2024
1000000.00
Cash
5
multi
Yes
2023
At Closing,Funding
$0
Elevate Realty LLC
Laura Marie Auten
1.0
100.00
9876.42
beachesmls
Property TypeMultifamily (5+ units)
StatusClosed
Listing IDRX-10948415
Year Built1978
Lot Area0.55
Mortgage Calculator
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Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.

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